LUV Southwest Airlines
FY2025 10-K
Southwest Airlines (LUV) filed its fiscal year 2025 10-K annual report with the SEC on Feb 5, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Low-cost U.S. and near-international passenger airline operating a large fleet of Boeing 737 aircraft
- • New initiatives: Introduced assigned and extra legroom seating, redesigned boarding model, launched global airline partnerships, and created Getaways vacation packages in 2025-2026
Management Discussion & Analysis
- • Revenue $28.1B in 2025, up 2.1% YoY ($580M increase), passenger revenue $25.5B, up 2.2% YoY ($555M increase)
- • GAAP operating income $428M in 2025 vs $321M in 2024, margin 1.53% vs 1.17%; non-GAAP operating income $539M vs $457M, margin approx. 1.92% vs 1.66%
Risk Factors
- • Cybersecurity risks actively overseen by Board and Audit Committee, with escalations for incidents meeting specific thresholds
- • Dedicated cybersecurity team led by CISO with 19 years experience, focusing on vulnerability management and incident response
Financial SummaryXBRL
Revenue
$28.1B
Net Income
$441M
Operating Margin
1.5%
Net Margin
1.6%
ROE
5.5%
Total Assets
$29.1B
EPS (Diluted)
$0.79
Operating Cash Flow
$1.8B
Source: XBRL data from Southwest Airlines FY2025 10-K filing on SEC EDGAR. All figures in USD.
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